Desco Infratech Limited
Desco Infratech Limited
SME BSE SME Closed

Price Band

₹147 - ₹150

Total Issue

₹31 Cr

Bid Dates

24 Mar - 26 Mar

Subscription

0.00x

Listing Price

₹159 (6.00%)

Website RHP Check Allotment

Valuation

Market Cap

₹115.14 Cr

P/E Ratio

21.58x

P/B Ratio

6.22x

Desco Infratech IPO Dates

Open
Close
Allotment
Refunds
Credit
Listing

Business Overview

Desco Infratech Limited  is an Indian infrastructure services provider specializing in city gas distribution. They handle pipeline laying, installation, testing, and maintenance for Piped Natural Gas (PNG) used by domestic and commercial customers. Recently, the company has expanded into power distribution (LT and HT cable projects), water distribution (including wells, tanks, and pipelines), and renewable energy, offering RCC pile erection and solar module installation services.

Lots & IPO Size

Desco Infratech IPO Lot Size

Lot Information for Desco Infratech IPO
Category Lots Shares Amount
Ind (Min) 1 1,000 ₹1,50,000
Ind (Max) 1 1,000 ₹1,50,000
S-HNI (Min) 2 2,000 ₹3,00,000
S-HNI (Max) 6 6,000 ₹9,00,000
B-HNI (Min) 7 7,000 ₹10,50,000
Allocate Funds
Market Maker
1,07,000 EQ Share
Employee
₹0.00
Shareholder
₹0.00

Desco Infratech IPO Size

Total ₹31 Cr
Fresh Issue
₹31 Cr (0.21 Cr Shares)
Offer For Sale
₹0 (0.00 Shares)

Objects of Issue

  1. Funding of capital expenditure requirements towards setting up of corporate office in Surat, Gujarat
  2. Funding of capital expenditure requirements towards purchase of machineries
  3. Funding Working Capital Requirements of our Company
  4. General corporate purposes

Desco Infratech IPO Live Subscription 3

Updated as on Last updated time: N/A

Desco Infratech IPO Subscription Status (BSE SME)
Category Sub (x) Offered Bids
QIB 0.00x 3,86,000 0
NII 0.00x 2,94,000 0
Retail 0.00x 6,86,000 0
Total 0.00x 13,66,000 0

Desco Infratech IPO Details Live GMP

GMP ₹0
Est. Price ₹150
Est. Gain 0.00%

Desco Infratech IPO Peer Comparison

(Rs. in crores)

Desco Infratech IPO Peer Comparison Table
Particulars Co. Rudra Gas Enterprise Likhita Infrastructure
Revenue from Ops (in Crs.) 29.39 63.77 422.09 0.00
PAT (In Crs.) 3.46 4.73 66.03 0.00
EPS - Basic 6.95 7.44 16.74
NAV per share 24.10 31.49 78.62
RONW 28.83% 18.01% 21.29%
EBITDA 18.91% 14.77% 21.97%
PAT Margin 11.76% 7.41% 15.64%
Price to earning (PE) 21.58 10.17 15.72
Debt to Equity 0.34 0.08 0.00
  • All the information pertains to FY 2023-24
  • The PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of March 31, 2024 for Peers

Desco Infratech IPO Financial Performance

(Rs. in crores)

Financial Performance Metrics for Desco Infratech IPO
Particulars Sep-24 Mar-24 Mar-23 Mar-22
Revenue from Operations 22.75 29.49 29.28 19.92
Profit after Tax 3.38 3.46 1.23 0.83
Net Worth 22.67 11.99 5.04 3.85
Total Borrowing 6.82 4.06 5.81 3.09
Total Assets 36.12 23.80 20.65 11.73
NAV per share (in ₹) 40.46 24.10 11.19 8.56
EPS - Basic (in ₹) 6.03 6.95 2.73 1.83

Key Performance Indicators (KPIs)

EBITDA

18.91%

PAT

11.76%

ROE

40.61%

RONW

28.83%

Debt to Equity

0.34

  • All Ratios are based on Mar 24
  • PE, PB, and Post-Issue Market Capitalization are calculated based on the upper price band.

Promoter Holding

Promoter

10.82%

Public

89.18%

Ms. Indiraben Pruthubhai Desai 42.35%
Ms. Hina Pankaj Desai 15.30%
Mr. Malhar P Desai 10.82%

Management

Mr. Pankaj Pruthu Desai
Chairman & MD
Ms. Prinkle Jain
CFO

Registrar & Lead Managers

Registrar

Bigshare Services

Lead Managers (1)

Smart Horizon Capital

Company Details

Name : Desco Infratech Limited

Address : A-703, Swastik Universal, Next to Valentine Theatre, Dumas Road, Umra, Surat, Gujarat- 395007 India.

Number : +91 7574 999 097

Email : investors@descoinfra.co.in

Website : www.descoinfra.co.in

Frequently Asked Questions (FAQs)

What is Desco Infratech IPO?
Desco Infratech IPO is a SME IPO having an issue size of ₹31 Crs. Desco Infratech IPO is priced at ₹147 - ₹150 per share. The issue opens on 24 Mar 25 and closes on 26 Mar 25.
When will Desco Infratech IPO open?
Desco Infratech IPO opens on 24 Mar 25 and closes on 26 Mar 25.
What is the GMP of Desco Infratech IPO?
The estimated Grey Market Premium of Desco Infratech IPO is ₹0 per share (0.00%).
What is the lot size of Desco Infratech IPO?
The minimum lot size of Desco Infratech IPO is 1000 shares & the minimum application amount is Rs. 150000.
When is the allotment of Desco Infratech IPO?
The allotment date of Desco Infratech IPO is 27 Mar 25.
What is the listing date of Desco Infratech IPO?
The listing date of Desco Infratech IPO is 04 Apr 25.
What is the subscription of Desco Infratech IPO?
Desco Infratech IPO is subscribed - times.
What is the price band of Desco Infratech IPO?
Desco Infratech IPO is priced at ₹147 - ₹150 per share.
How to check allotment status of Desco Infratech IPO?
Click the allotment link on Desco Infratech IPO page of IPO360.
How to apply Desco Infratech IPO in Zerodha?
  1. Go to Kite App → Tap on Bids → Tap on IPO
  2. Select the IPO → Tap on apply → Enter UPI ID
  3. Enter Qty and Price
  4. Submit the application
  5. Approve the UPI Mandate on your UPI app
How to apply Desco Infratech IPO in Groww?
  1. Go to Groww App → Stocks Section → Select IPO option
  2. Select the IPO you want to apply
  3. Enter your bid details and price
  4. Enter UPI ID & submit
  5. Approve the UPI Mandate on your UPI app
How to apply Desco Infratech IPO using ASBA?
  1. Log in to your bank's net banking portal.
  2. Navigate to the 'IPO' or 'ASBA' section.
  3. Select Desco Infratech IPO from the list of available IPOs.
  4. Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
  5. Submit the application.
  6. Money will remain blocked till the refund date

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